Friends and family of startups were found to be its biggest supporters, shelling out USD23,000 in a business on average, totaling USD60 billion in fresh capital annually, based from data collected by online crowdfunding platform Fundable.

German startup accelerator Rocket Internet raised USD112 million in new funding for online fashion retailers Zalora and The Iconic, making it the biggest single investment made for an e-commerce company in the Asian Pacific region.

Spotify, a popular music-streaming service, confirmed its receipt of a USD250 million investment in a recent funding and also said it paid around USD500 million in royalties to artists this year.

German startup navabi, which sells designer brand clothing online, drew EUR10 million in new Series C funding from institutional investors led by private equity firm Index Ventures.

New York-based startup Eleven James received USD1.4 million in seed funding from strategic investors to launch its luxury watch rental and watch trade-in service for men.

San Francisco-based web app Swarm Mobile raised around USD3.5 million to develop technology that can track in-store shoppers through their smartphones to help physical stores compete with e-commerce retailers.

Stem Inc. today announced the closing of a $15 million Series B financing round. Iberdrola, GE Ventures joined Series A investor Angeleno Group in committing financing for the round.

South Africa-based coal mining firm Resource Generation (Resgen) is in a funding drive to raise USD178 million for a new coal mining project in Limpopo.

After establishing its first merchant bank in the UK, Edmond de Rothschild Group has launched a new asset management business in London to upsize its assets under management and boost its presence in the UK capital.

According to Financial Times, the Bitcoin fever has caught on to Silicon Valley with digital currency companies getting venture capital financing in their early rounds.